New Jersey Governor Chris Christie today killed the $8.7 billion Trans-Hudson River passenger rail tunnel project that was expected to double commuter train capacity between New Jersey and Manhattan.
Christie said he feared cost overruns on the Access to the Region�s Core (ARC) project could cost the state between $2 billion and $5 billion, despite commitments of $3 billion each from the Federal Transit Administration and the Port Authority of New York and New Jersey.